We are planning to invest in property and are confused between two options:
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Hi everyone, We are planning to invest in property and are confused between two options:
Buying 0.5 acre of agricultural land (\~2425 sq yards) in a village about 14 km from the upcoming port area machilipatnam in Andhra Pradesh for around ₹10 lakhs.
The plan is to lease it to a farmer Expected return: \~600 kg rice per year.
or Buying 150 sq yards residential plot near vijaywada city for around ₹26 lakhs
We are mainly looking at this as a long-term investment.
Questions:
Is farmland in a village near the Port area (14 km distance from the port area) a good investment considering the port development expected next year?
Or is it safer to go with a residential plot near Vijayawada?
Which option has better growth?
Looking for practical, real-life advice. Thanks!